PHOTO: Tony Alexander. FILE
A record 73% of agents in our monthly survey report that buyers display FOOP – fear of over-paying and seeing prices fall after they buy.
That helps explains the net 65% seeing fewer people at auctions, net 70% seeing fewer people attending open homes, and net 70% seeing prices falling in their location. Fewer investors are selling despite tax and interest rate changes, and there is minimal demand from offshore.
Survey results can be accessed here.
REINZ & Tony Alexander Real Estate Survey – June 2022 — REINZ BLOG
